This case tells the story of a failed public-private partnership. It illustrates how stakeholders, encouraged by the current political context, rushed into a partnership without establishing a basis for mutual understanding and expectations. As a result of this hasty arrangement, questions emerged over who ultimately controlled decisions related…

The purpose of the paper is to explore students' perception of university teaching behaviours in Pakistan. Three hundred and fifty students from the six public sector Pakistani universities returned questionnaires. Assessment framework, learning activities and instructional strategies emerged from factor analysis as common factors. Students' views…

Presents several time-effective classroom games that can be used to help students discover the consequences of two important concepts in public finance: the free rider problem and the voting paradox. Maintains that these games encourage student involvement and stimulate class discussion. (DB)

Describes some of the relatively unknown aspects of the concept of public goods and shows how they might be brought into undergraduate textbooks in microeconomic principles, public finance, and welfare economics. Illustrates how these aspects of public goods can be brought into undergraduate instruction. (DB)

Argues that inefficiency resulting from government regulation is the natural result of a process that does not have efficiency as its primary goal. Presents three examples of government regulation as supporting evidence. Concludes that efficiency is more likely to come from elected policymakers than from bureaucrats working in regulatory agencies.…

Asserts that economics students are usually given two descriptions of the money market with the implication that they are consistent with each other. Reviews recent research and presents an asset-substitution model that reconciles the two descriptions of the money market with observed behavior. (CFR)

The work presented here follows up the authors' paper, in the previous issue of this journal, which (i) explored modernizing leadership in a public-private partnership, principally from the perspective of the senior managers of a private company contracted to run school support services by a local education authority (LEA), and (ii) suggested that…

Argues that the Reagan Era's New Federalism hamstrings government by precluding the possibility of a balance of power and responsibilities between state and federal government. Compares this development to the states' rights dilemma freed by John C. Calhoun. Contends that history shows federal inaction produces sectionalism, social cleavage, and…

Presents an bibliographic essay of recent empirical research in industrial organization. Examines topics such as the econometrics of markets with imperfect competition, technology and industry structure, industry evolution, and industry studies of regulation. (CFR)

Examines the concept of "free riders," those who enjoy the benefits of a public good without contributing to the costs of providing it. Reviews classroom experiments on the free rider topic and describes a free rider experiment using an undergraduate class of 73 students. (CFR)

Presents the central features of an economic theory of social equilibrium based on the theory of distributive equilibrium. Uses the situation in Latin America in the 1980s and 1990s to test the validity of the theory. Argues that excessive inequality cripples sustained growth and democratic movements. (MJP)

Presents a World Bank policy paper on vocational and technical education and training. Reviews the performance of vocational and technical education in both developed and developing nations. Provides four recommendations for donors who might wish to assist countries in meeting skill needs. (CFR)